Establishment of Giresun Hazelnut Licensed Warehouse and Spot Exchange Project
Turkey's first licensed hazelnut warehouse is established in Giresun with a capacity of 17-thousand tons. Hazelnut produced in Giresun, the first choice of local and European chocolate manufacturers, are now stored in steel warehouses with nitrogen gas as fresh as newly picked, without going bitter and generating aflatoxin. The complex also includes an accredited quality control, (authorised classifier) laboratory that conducts yield, humidity, hidden decaying and mould and sieve analyses in addition to facilities, where shelled hazelnuts are packed, cleaned, weighed and sampled. Around 160 SMEs are expected to benefit from the facility which increase their income and bring added value to the economy by minimising production loss.
Through the hazelnut spot exchange established as part of the Project, transactions take place with an electronic product document on computer/with a barcode environment, and sessions can be monitored, and which also provides price movements and indexes on which producers will be able to market their products. Building an electronic transaction platform at Hazelnut Commodity Exchange enables people who are included in the system to buy remotely. The producer is issued with a product document indicating the quality and amount of their product. This record enables getting loans from banks under favourable conditions without requiring any other collateral. Thus, there is no need to supply the market with an excessive amount of hazelnut. In other words, price drops are avoided.
Training and publicity activities for SMEs were also carried out under the project both regarding the licensed warehouse and the spot exchange.
| Project Budget | Project Owner | Implementation Area | Detail Information |
| 9.5 Million Euro | Giresun Commodity Exchange | Giresun | www.giflidas.com.tr |
